Reddit raises $300 million at a $3 billion valuation. Investors include Tencent, Sequoia, Fidelity and Andreessen Horowitz. CEO Steve Huffman says the company will use the investment to improve Reddit’s website and work to take digital ad market share away from Facebook and Google.

Source: https://www.cnbc.com/2019/02/11/reddit-raises-300-million-at-3-billion-valuation.html